Conestoga Capital Advisors LLC Has $2.33 Million Holdings in Universal Technical Institute Inc $UTI

Key Points

• Conestoga Capital Advisors LLC reduced its holdings in Universal Technical Institute (NYSE:UTI) by 19.0%, owning 68,760 shares valued at approximately $2.33 million after the sale.
• Analysts have mixed opinions on Universal Technical Institute, with Rosenblatt Securities and Barrington Research issuing a "buy" rating but Zacks Research downgrading the stock from "hold" to "strong sell."
• As of the latest data, Universal Technical Institute's stock price is at $30.78, with an average target price of $35.83 and recent quarterly earnings exceeding analyst expectations.

Conestoga Capital Advisors LLC reduced its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,760 shares of the company's stock after selling 16,160 shares during the quarter. Conestoga Capital Advisors LLC owned 0.13% of Universal Technical Institute worth $2,330,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Universal Technical Institute by 2,671.7% during the 1st quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock valued at $224,000 after purchasing an additional 8,416 shares during the last quarter. Calamos Advisors LLC acquired a new position in Universal Technical Institute during the 1st quarter valued at $3,085,000. Teacher Retirement System of Texas raised its stake in Universal Technical Institute by 100.5% during the 1st quarter. Teacher Retirement System of Texas now owns 36,553 shares of the company's stock valued at $939,000 after purchasing an additional 18,320 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Universal Technical Institute in the 1st quarter valued at $256,000. Finally, Northern Trust Corp raised its stake in shares of Universal Technical Institute by 12.2% in the 1st quarter. Northern Trust Corp now owns 419,201 shares of the company's stock valued at $10,765,000 after buying an additional 45,447 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 7th. Barrington Research restated an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Monday, September 29th. Zacks Research cut shares of Universal Technical Institute from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Universal Technical Institute in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Universal Technical Institute has an average rating of "Moderate Buy" and an average price target of $35.83.

Universal Technical Institute Stock Up 0.8%

Shares of NYSE:UTI opened at $30.78 on Monday. Universal Technical Institute Inc has a 12 month low of $15.63 and a 12 month high of $36.32. The company's 50-day moving average price is $28.55 and its two-hundred day moving average price is $30.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.68 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.10 and a beta of 1.58.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The firm had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. As a group, research analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.

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